Articles By: CNN

Yahoo to buy Tumblr for $1.1 billion: Report
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Yahoo to buy Tumblr for $1.1 billion: Report

Yahoo CEO Marissa Mayer and Yahoo’s board have reportedly made a bid for blogging site Tumblr. The Yahoo board has reportedly approved a deal to pay $1.1 billion in cash for the blogging site Tumblr. Rumors had been swirling late last week that Yahoo (YHOO, Fortune 500) CEO Marissa Mayer was in talks with Tumblr [...]

Published by on May 19, 2013 11:05 PM
Stocks on a roll
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Stocks on a roll

Click the chart for more stock market data. Stocks are on a roll. For the fourth week in a row, the stock market climbed to fresh record highs last week on signs of improvement in the U.S. economy. The SP 500 added 2%, the Dow Jones Industrial Average rose 1.5% and the Nasdaq advanced 1.7%. [...]

Published by on May 19, 2013 5:04 PM
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The Winklevoss twins are Bitcoin bulls

The Winklevoss brothers’ legal battle with Facebook (FB) over the social network’s messy creation made them rich. They eventually walked away with stock worth around $150 million at today’s share price. (They haven’t disclosed how much of the stock they’re still holding.) A few months ago, word spread that the twins, Cameron and Tyler, had [...]

Published by on May 19, 2013 11:04 AM
Obama: Military ‘ashamed’ of sexual assaults
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Obama: Military ‘ashamed’ of sexual assaults

(CNN) — U.S. military leaders are “angry” and “ashamed” over sexual assaults plaguing the armed forces, President Barack Obama said Thursday after ordering top Pentagon officials to “leave no stone unturned” in the effort to stop the abuse. The president’s comments came the same day legislation was introduced in Congress to ease the victims’ quest [...]

Published by on May 19, 2013 11:04 AM
Bernanke’s advice for college grads
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Bernanke’s advice for college grads

“During your working lives, you will have to reinvent yourselves many times,” Federal Reserve Chairman Ben Bernanke told new graduates at Bard College at Simon’s Rock on Saturday. Don’t try parsing these words for hints about monetary policy. College graduates got some sage advice from Federal Reserve Chairman Ben Bernanke at their commencement ceremony Saturday. [...]

Published by on May 19, 2013 5:02 AM
Federal workers under fire
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Federal workers under fire

The IRS scandal comes at a bad time for federal workers protesting furloughs. The Internal Revenue Service scandal couldn’t have come at a worse time for the nation’s 2 million federal workers, who are desperate to end furloughs and get their first raise in three years. IRS workers were front and center at a Friday [...]

Published by on May 18, 2013 11:01 PM
I started my business in 2013!
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I started my business in 2013!

I was laid off from my job as a research assistant at West Texas AM last year. I had been looking for work without much success, but what I really wanted to do was open a business. I just needed a good idea. I think this year was the perfect timing for opening the store. [...]

Published by on May 18, 2013 5:01 PM
Signs of new housing bubble
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Signs of new housing bubble

Cities in California and Texas are already seeing the early signs of a housing bubble. Austin, Texas FORTUNE – Only a year after the U.S. housing market hit bottom, it may be bubbling up — again. Odd as it may seem, some economists warn the steady rise in home prices, at least in some markets, [...]

Published by on May 18, 2013 11:00 AM
Conservative groups describe IRS scrutiny
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Conservative groups describe IRS scrutiny

Washington (CNN) — Tea party groups describe an arduous IRS application process for tax-exempt status with probing questions and long delays. In addition to standard questions that organizations face when applying for tax-exempt status, a handful of tea party organizations told CNN they were asked probing questions about the websites they maintained, literature they use [...]

Published by on May 18, 2013 11:00 AM
Exclusive: Bernie Madoff can’t sleep
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Exclusive: Bernie Madoff can’t sleep

Ponzi convict Bernard Madoff says he can’t sleep at night, haunted by his son’s suicide. Bernard Madoff once had billions of dollars, but now he makes $40 a month doing menial prison labor. “I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the [...]

Published by on May 18, 2013 5:00 AM
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